The Remo Square in Torremolinos will inaugurate its 'luxury' apartments at the end of this year.

The operation initiated by ABU Group, with the acquisition of land occupied by a commercial space in Plaza del Remo, in the heart of La Carihuela beach in Torremolinos, at the beginning of 2023, is about to be completed with the construction of a new residential building. The construction, which started at the end of that year, with the demolition of the establishment that occupied the site, is progressing with the aim of completion, as explained by the developers, "in the fourth quarter of 2025."

This is the timeline set for the realization of the 21 'luxury' apartments, spread across a 7-story building with a penthouse, featuring 2, 3, and 4 bedrooms, currently under construction. There are also 24 garages planned. The operation generates a business volume, estimated by this company, of 14 million euros, with a price range between 400,000 and 1.5 million euros per property.

Plaza del Remo, in addition to this change in its skyline, began its transformation with the renovation of one of its most well-known businesses, the El Canarias beach bar, which was demolished and rebuilt to reopen in May 2024 with an updated look.

This is not the only new development at this busy spot on the Torremolinos seafront, as the City Council announced the installation of vegetated pergolas in Plaza del Remo and other nearby areas to create a shaded walkway of 1.2 kilometers along the coast.

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The last phase of the La Carihuela project coincides with the launch of another ABU promotion, also near this beach, but on the border with Benalmádena, close to Puerto Marina, on a plot on Avenida Carlota Alessandri.

In line with the UNIQA proposal, which is the name given to the residential at Plaza del Remo, the new promotion, named Art Marina, will consist of 21 homes, built on a plot with more than 3,000 square meters of total buildable area. It is a project in which the group expects to generate a business volume close to 16 million euros, so the two investments in Torremolinos will amount to around 30 million euros.

In this case, the homes in the new building will be distributed between the ground floor, first, second, and penthouses, and will have 2 or 3 bedrooms each. Like other ongoing projects on the Costa del Sol, this new complex will feature parking, an outdoor sports area, and a 'coworking' space.

ABU Group, chaired by Jesús Vera, has more than 1,700 homes distributed in Seville, Málaga, Cádiz, Huelva, Madrid, and San Sebastián and generates about 3,500 jobs, according to data provided by this developer.

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